My take on this trust is not to participate. Anything sounds too good to be true probably is.

There are many financial products aiming at the mid income groups. Truly high income groups are sheltered in large CPA firms' financial products. Most of us do not have access and do not know about those shelter and financial products. The IRS is just slow in catching up. Once the IRS catches up, the slowest runners are caught.

We have heard too much and seen too much for me to provide this warning.

As to the new President elect's tax plan, 15% on personal taxreturn probably is too low. He could be referring to corporate income tax. According to the logic, if restricted property trust can reduce income tax by 70%, then, the benefittax rate would be 70% times 15% savings. We can reduce the income tax to 4.5%. It should always work.

Please, since you write to us, don't do it. There are so many legitimate and popular tax savings plans such as profit sharing, defined benefit plan, employee benefit plans. Unless we have money to retain many attorney defending hours and CPA hours, don't go too fancy on out of normal range type of tax shelter and fancy financial products.